Ares Buys Whitestone In All-Cash $1.7B Retail REIT Deal

Whitestone REIT agreed to be acquired by funds managed by Ares Management in an all-cash transaction valued at about $1.7 billion, with Ares paying $19.00 per share for all outstanding common shares and operating partnership units, taking the shopping-center owner private. The price implies a 12.2% premium to Whitestone’s April 8 closing price and a […] The post Ares Buys Whitestone In All-Cash $1.7B Retail REIT Deal appeared first on the deep dive.